Bitcoin B-WAP

The BNC B-WAP is a unique indicator, dataset & API designed for wide applicational use. Realizing that blockchain 'blocks' are actually a measure of time, BNC Data Labs designed a method of creating price-discovery for any bitcoin blockchain transaction, by dynamically calculating the Bitcoin Liquid Index (BLX) as a Volume-Weighted-Average-Price (VWAP) across the time that each block existed. Hence: 'Block-Weighted-Average-Price' (B-WAP).

More than a 'price per block', the BNC B-WAP offers the ability to appropriate a fair market conversion rate, to any transaction on the bitcoin blockchain.

Key Features

Ability to look up any bitcoin blockchain transaction, since professional price-discovery was possible in early 2010 - and receive back a USD value for any transaction.

Built using the most accurate historic bitcoin price index - the BNC BLX.

API updated every 10 min with a 2 hour delay on latest blocks (due to the nature of Block propagation to ensure avoidance of publishing rates on orphaned blocks).

Potential Use:

Blockchain Analysis: Increase the value and insight of your Blockchain Analysis dramatically by integrating the B-WAP to layer in a USD value to your blockchain analysis.

Accounting & Tax : Reconcile an entire wallet or series of wallets in no time. Integrate the B-WAP into your applications, including spreadsheets, websites, mobile apps and other corporate applications in no time!

Unique Indicator: Historic B-WAP values, back to early 2010, can be used in technical charting or algorithmic trading, as a unique indicator for traders.